GPE Multiplier

Innovative finance to catalyze more and better funding for education

The GPE Multiplier is a US$300 million innovative finance instrument that provides an incentive and the financial resources to catalyze more and better investment in education.

Approved by the GPE Board in June 2017 and scaled up in June 2018, the GPE Multiplier enables partner countries to invest additional resources in education, increasing total support for a critical sector.

A country can access its allocation by mobilizing at least US$3 in new external financing for every US$1 from the GPE Multiplier.

Since 2018, 12 countries have secured more than US$110 million in allocations from the Multiplier, which has mobilized close to US$475 million in support of quality education from other multilateral banks and bilateral donors.

How does the GPE Multiplier work?

In line with GPE's needs-based approach to education sector funding, allocations are based on a country's school-age population. Allocations account for national capacity to absorb funds and, where appropriate, debt sustainability.

The GPE Multiplier works alongside other sources of external funding. It can be invested as a grant or used to lower the interest rate on concessional lending, for example from multilateral development banks or bilateral donors. It can also work alongside other, non-traditional sources of development finance, including private capital.

Which countries are eligible for the GPE Multiplier?

In June 2018, the Board of Directors approved the following countries as eligible for up to the maximum country allocations from the GPE Multiplier (MCAMs).

Maximum Country Allocation from the GPE Multiplier (MCAM)

Country

Up to US$25 million

Bangladesh

DR Congo

Egypt

Ethiopia

India

Indonesia

Nigeria

Pakistan

Philippines

Uganda

Vietnam

Up to US$15 million

Afghanistan

Cameroon

Cote d'Ivoire

Ghana

Kenya

Morocco

Mozambique

Myanmar

Nepal

Sudan

Yemen

Up to US$10 million

Bolivia

Cambodia

Congo Rep.

El Salvador

Guatemala

Honduras

Lao PDR

Nicaragua

Papua New Guinea

Sri Lanka

Syria

Tajikistan

Tunisia

Ukraine

Uzbekistan

Zambia

Zimbabwe

Up to US$5 million

Armenia

Djibouti

Gambia

Guinea-Bissau

Guyana

Kyrgyz Republic

Lesotho

Mauritania

Moldova

Mongolia

Swaziland

Timor-Leste

Up to US$1 million

Bhutan

Cabo Verde

Comoros

Dominica

Grenada

Kiribati

Maldives

Marshall Islands

Micronesia

Samoa

Sao Tome and Principe

Solomon Islands

St. Lucia

St. Vincent and the Grenadines

Tonga

Tuvalu

Vanuatu

Securing a Multiplier allocation

Securing a maximum country allocation from the GPE Multiplier (MCAM) is not automatic, and depends on meeting several criteria, including sourcing new and additional external support for the education sector plan (ESP). Each US$1 from the Multiplier, up to a country’s allocation ceiling, is expected to unlock at least US$3 in new, external funding.

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The Global Partnership for Education supports close to 70 developing countries to ensure that every child receives a quality basic education, prioritizing the poorest, most vulnerable and those living in countries affected by fragility and conflict.